N-Squared Ecommerce receives Series A funding
N-Squared eCommerce Group, an e-commerce distributor and solutions provider in Thailand, has received an undisclosed amount in Series A funding from a clutch of investors, including KKP Capital, Siam Alpha Equity (SAE), Chanwanich Group, AHMP, and ECG-Research.
The funds will strengthen its core technology and services and expand its footprint across Southeast Asia.
In 2016, N-Squared provided e-commerce services, including logistics and operation management, omnichannel management, customer service, web and tech, online marketing, data analytics, and consulting.
It owns several online direct-to-consumer brands and an e-commerce distributor for over 130 brands in six countries across Southeast Asia.
The startup’s clients include Tefal, L’Oreal, Huawei, and Hewlett-Packard.
In 2019, the group generated a total of 1,192 million baht (US$39 million) in revenues, with a compounded annual growth rate of 125 percent since inception, it said in the statement.
